$FRAX /USDT LONG TRADE SETUP
$FRAX is trading at 1.1978, showing impressive bullish momentum with a +24.06% gain after bouncing strongly from the 0.9122 support zone. The price has surged to test the 1.2826 high, with buyers actively stepping in and forming higher lows on the 1-hour timeframe.
Target Points
TP1: 1.2200
TP2: 1.2500
TP3: 1.2826
Stop Loss
Set stop loss below 1.1650 to limit downside risk and protect capital.
Technical Overview
24h High: 1.2826
24h Low: 0.9122
Mark Price: 1.1976
RSI(6): 58.1028 (Neutral zone, room for upside)
Volume: Strong with 105.06M FRAX & 116.12M USDT traded
The current consolidation near 1.1981 suggests accumulation before the next leg up. Watch for a breakout above 1.22 for continuation towards higher targets.
Buy and Trade here on $FRAX
#BinanceSquare #CryptoTrading #FRAXUSDT #TradingSignals #BinanceAlphaAlert